114 Hammond Ave, Cascade Locks, OR 97014
This exceptional 0.85-acre lot in Cascade Locks, Oregon, presents a compelling redevelopment opportunity. Located at 114 NE Hammond Ave (APN 700795), this fee simple property boasts a Low Density Residential zoning (LDR) permitting 7,500 square feet per unit. The land is relatively flat, making development straightforward. Currently zoned to potentially allow for the construction of one single-family residence and one duplex, offering a total of three potential dwelling units. This translates to a strong potential return on investment, fueled by the high local demand for housing in this desirable area. Utilities—water, sewer, and electric—are readily available on-site. The property previously contained a mobile home, which has since been removed. Access is convenient via Hammond Ave. Beyond its residential potential, this location offers unparalleled access to a wealth of recreational activities, including hiking, windsurfing, and world-class fishing. The property consists of two lots (Tax IDs 5804 and 5805). This is a rare chance to acquire a versatile property in a stunning recreational setting with significant development upside. Don't miss this chance to capitalize on the thriving Cascade Locks market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.